ICICI Pru LifeStage Wealth II is a unit linked insurance plan that offers many choices to decide how your savings would be invested based on your risk appetite. Further, it provides you with an insurance cover to help you understand your dreams without compromising your family’s protection.
Eligibility –
| Minimum Premium | Premium payment option | Minimum annual premium(Rs.) |
| Regular pay | Rs. 24,000 | |
| Limited pay -5 | Rs. 48,000 | |
| Limited pay -7 | Rs. 36,000 | |
| Limited pay -10 | Rs. 24,000 | |
| Maximum Premium | Rs. 1,00,000 per annum for all premium payment option | |
| Modes of premium payment | Yearly / Half Yearly / Monthly | |
| Policy Term | 10, 15, 20, 25 or 30 years | |
| Minimum/Maximum age at entry | 7 / 65 years | |
| Minimum/Maximum age at maturity | 18 / 75 years | |
| Minimum Sum Assured for age at entry below 45 years | Higher of (10 × annual premium) and (0.5 × Policy Term × annual premium) | |
| Minimum Sum Assured for age at entry 45 years and above | Higher of (7 × annual premium) and (0.25 × Policy Term × annual premium) | |
| Maximum Sum Assured | As per maximum sum assured multiples | |
Features & Benefits –
- Multiple portfolio strategies: Choose a modified portfolio strategy from
Fixed Portfolio Strategy: Option to assign your savings in the funds of your choice
LifeCycle based Portfolio Strategy: A unique and personalized strategy to create an ideal balance between equity and debt, based on your age
Trigger Portfolio Strategy: A unique portfolio strategy to care for gains made in equity markets from any future equity market instability while maintaining a pre-defined asset allocation - Flexible premium payment options: You can either pay premium during the policy term or for a limited period
- Top up: Flexibility to invest surplus money over and above your regular premiums
- Loyalty Additions: Paid at the end of every policy year, starting from the 10th policy year, on payment of all due premiums
- Automatic Transfer Strategy: Helps you eliminate the need to time your investment
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Tags: ICICI Pru Life, ICICI Pru LifeStage Wealth II, Insurance